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1. Parties: Identification of all parties to the agreement, including the managing partner and other partners
2. Background: Context of the agreement, history of the partnership, and purpose of appointing the managing partner
3. Definitions: Defined terms used throughout the agreement
4. Appointment and Term: Formal appointment of the managing partner, duration of appointment, and renewal terms
5. Powers and Duties: Comprehensive list of managing partner's authorities, responsibilities, and obligations
6. Decision Making Authority: Scope of independent decision-making power and matters requiring partner consultation
7. Financial Provisions: Compensation structure, profit share, expenses, and financial responsibilities
8. Time Commitment: Expected time dedication and restrictions on other business activities
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Non-Competition: Restrictions on competing activities during and after the term
11. Reporting Requirements: Regular reporting obligations to other partners
12. Termination: Grounds for termination, notice periods, and consequences
13. Post-Termination Obligations: Continuing obligations and restrictions after agreement ends
14. Governing Law and Jurisdiction: Applicable law and jurisdiction for dispute resolution
1. Intellectual Property Rights: Specific provisions for IP ownership and usage when the partnership involves significant IP assets
2. International Operations: Additional provisions for partnerships operating across multiple jurisdictions
3. Key Performance Indicators: Specific performance metrics and targets when performance-based compensation is involved
4. Professional Indemnity: Additional protection clauses for professional services partnerships
5. Succession Planning: Provisions for managing partner succession in larger or family-owned partnerships
6. Digital Assets Management: Specific provisions for partnerships with significant digital presence or online operations
1. Schedule 1 - Compensation Structure: Detailed breakdown of managing partner's compensation, including fixed pay, profit share, and bonus calculations
2. Schedule 2 - Specific Powers and Authorities: Detailed list of specific powers delegated to the managing partner
3. Schedule 3 - Partnership Assets: List of key partnership assets under managing partner's control
4. Schedule 4 - Reporting Templates: Standard formats for required periodic reports
5. Schedule 5 - Key Performance Metrics: Detailed performance evaluation criteria and calculation methods
6. Appendix A - Conflict Resolution Procedure: Step-by-step process for resolving disputes between managing partner and other partners
Appointment Date
Business
Business Day
Business Plan
Capital Account
Confidential Information
Effective Date
Financial Year
Firm
Gross Revenue
Initial Term
Intellectual Property Rights
Key Performance Indicators
Management Committee
Managing Partner
Net Profits
Ordinary Resolution
Other Partners
Partner
Partnership
Partnership Assets
Partnership Deed
Partnership Property
Performance Metrics
Profit Share
Regulated Activities
Regulatory Bodies
Reserved Matters
Special Resolution
Term
Territory
Trade Secrets
Working Capital
Term and Renewal
Powers and Authority
Duties and Responsibilities
Management Rights
Decision Making
Financial Rights
Profit Sharing
Remuneration
Capital Contribution
Performance Requirements
Reporting Obligations
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Partnership Property
Meetings and Voting
Record Keeping
Banking and Finance
Regulatory Compliance
Insurance
Indemnification
Representations and Warranties
Force Majeure
Termination
Consequences of Termination
Post-Termination Obligations
Assignment and Transfer
Dispute Resolution
Governing Law
Notices
Amendment
Severability
Entire Agreement
Professional Services
Legal Services
Accounting and Tax
Management Consulting
Architecture
Engineering Services
Healthcare Services
Real Estate
Information Technology
Financial Services
Legal
Corporate Governance
Executive Leadership
Operations
Finance
Human Resources
Compliance
Risk Management
Business Development
Administrative
Managing Partner
Senior Partner
Executive Partner
Partnership Director
Chief Executive Partner
Managing Director
Legal Counsel
Corporate Lawyer
Partnership Manager
Business Development Manager
Operations Director
Finance Director
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